7625 Front Beach Rd Panama City Beach, FL 32407
High-Yield NNN Lease, 17+ Years Remaining
Property size:
6,365 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 369
Property Features for 7625 Front Beach Rd
General Information
- Property type
- Automotive properties
- Square Feet
- 6,365 SF
- Lot Size
- 87,120 SF
Building Details
- Year Built
- 2022
- Buildings
- 2
HighLights
- 19‑year remaining lease term on a 20‑year absolute NNN lease, with 7% rent increases every five years and two, five‑year renewal options.
- 2022‑built, 6,365 SF property including a 4,928 SF convenience store, 1,437 SF automated carwash, 5 vacuum stations, and 16 fueling stations (8 pumps).
- Strong guarantor: Hani Baskaron, with a net worth exceeding $66,000,000, affiliated with Daybreak Market & Fuel, LLC and Daybreak C‑Store Holdings, LLC.
- High‑visibility, 2‑acre parcel on Front Beach Road in Panama City Beach, Florida, in a strong retail area.
- Excellent location near major retailers (Walmart, Home Depot, Lowe's, Publix, Winn‑Dixie) and higher education institutions (Gulf Coast State College and Florida State University Panama City).
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Panama City Beach
- County
- Bay
- State
- Florida
- Longitude
- -85.7694023
- Latitude
- 30.1866992
Nearby Similar for Sale
FAQs
What type of property is this?
Automotive property - High-Yield NNN Lease, 17+ Years Remaining
Where is this automotive property located?
The property is located at 7625 Front Beach Rd Panama City Beach, FL.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: 19-year remaining lease term on a 20-year absolute NNN lease, with 7% rent increases every five years and two, five-year renewal options.; 2022-built, 6,365 SF property including a 4,928 SF convenience store, 1,437 SF automated carwash, 5 vacuum stations, and 16 fueling stations (8 pumps).; Strong guarantor: Hani Baskaron, with a net worth exceeding $66,000,000, affiliated with Daybreak Market & Fuel, LLC and Daybreak C-Store Holdings, LLC.
